The Housing (Change of Landlord) (Payment of Disposal Cost by Instalments) (Amendment) (No. 2) Regulations 1998

Explanatory Note

(This note is not part of the Regulations)

These Regulations amend the Housing (Change of Landlord) (Payment of Disposal Cost by Instalments) Regulations 1990 (S.I. 1990/1019) by increasing, from 8.17 per cent to 8.57 per cent., the rate of interest on outstanding disposal costs which are payable by instalments under Part IV of the Housing Act 1988 (change of landlord: secure tenants). The Regulations also revoke the Housing (Change of Landlord) (Payment of Disposal Cost by Instalments) (Amendment) Regulations 1998 (S.I. 1998/265) which prescribed the previous interest rate. Regulation 4 preserves the previous interest rate in respect of any period before these Regulations come into force, that is, before 18th September 1998.

Paragraph 1 of Schedule 18 to the Housing Act 1996 provides that Part IV of the Housing Act 1988 is repealed, and article 3 of the Housing Act 1996 (Commencement No. 3 and Transitional Provisions) Order 1996 (S.I. 1996/2402) brought that paragraph into force on 1st October 1996.

Paragraph 12 of the Schedule (transitional provisions and savings) to that Order provides that Part IV of the 1988 Act and the provisions mentioned in Part IX of Schedule 19 to the said Act of 1996 remain in force in respect of applications made under section 96 of the Housing Act 1988 (application to exercise right) which have not been disposed of before 1st October 1996 and acquisitions made before that date.